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Tires are an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubber, including styrene-butadiene rubber and poly-butadiene rubber, are also used in manufacturing tires. Low rolling resistance tires are essentially green tires, and their use enhances fuel efficiency, vehicle performance, and safety, besides helping to bring about a reduction in vehicular emissions.

The analysts forecast the Low Rolling Resistance Tire Market in Europe to grow at a CAGR of 6.24 percent over the period 2013-2018.

Covered in this ReportThis report covers the present scenario and the growth prospects of the Low Rolling Resistance Tire market in Europe for the period 2014-2018. It also presents the vendor landscape and corresponding detailed analysis of the top five vendors that excel in manufacturing low rolling resistance tires. In addition, the report discusses the major drivers that influence the growth of the Low Rolling Resistance Tire market in Europe. It also outlines the challenges faced by the vendors and the market
at large, as well as the key trends that are emerging in the market.

The report, the Low Rolling Resistance Tire Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report is focused only on India only; it also covers the Low Rolling Resistance Tire market landscape and its growth prospects in the coming years.

Key Questions Answered in this Report- What will the market size be in 2018 and what will the growth rate be?- What are the key market trends?- What is driving this market?- What are the challenges to market growth?- Who are the key vendors in this market space?- What are the market opportunities and threats faced by the key vendors?- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

Commenting on the report, an analyst from the team said: “The Low Rolling Resistance Tire market in Europe is witnessing increasing demand for radial and tubeless tires. The Truck and Bus segment is experiencing a steady increase in the percentage of radial tires being adopted. In the Passenger Car segment, more than half of the vehicles have been assembled with radial tires. In addition, as a result of the development of road infrastructures and the increasing importance of fuel-efficient products in the Global Automobile market, the proportion of radial tires adopted in various segments of the Tire market in Europe is anticipated to increase rapidly in the near future. Also, the Low Rolling Resistance Tire market in Europe is witnessing increasing adoption of tubeless tires in all vehicle segments. ”

According to the report, the reinforcement of fuel economy standards worldwide is a major factor propelling the growth of the Low Rolling Resistance Tire market. The need to adhere to such stringent norms in the future is increasing the demand for fuel-efficient vehicles. Therefore, automobile firms are increasingly showing a preference for materials that help enhance fuel economy.

Further, the report states that the main challenge faced by the Low Rolling Resistance Tire market is its expensive nature. The high cost of these tires makes it difficult for automobile manufacturers to keep their product prices low. In such a situation, automobile manufacturers have to choose between keeping their profit margins low and to shift the pressure onto end-users.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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